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Surely anyone using an ATM already passed KYC as they are using a bank account? Do LINK etc separately KYC me when I use a machine for (GBP) cash? I doubt it.

• martinald 4y ago
  It's the other way round. People putting cash in. Which you can do at certain ATMs but they have quite low amounts as far as I know.
  • jaclaz 4y ago
    Besides the low amount, it is where the cash go (your account) that is identified/traceable on normal (those that accept deposits of cash and even cheques are called "evoluted" here) ATM's.
• Consultant32452 4y ago
  I wanted to see what these were like so I decided to burn $20 at one once and see if I could get any crypto out of it. They do the full KYC experience, so you have to scan your ID, get a text message and respond, it was wild to have to do this whole process standing in a convenience store. I definitely assumed I was having my identity stolen. But my identity was not stolen, I did the KYC steps, inserted cash, and got a paper slip with a BTC address on it with my money. The fees were insane, I don't remember but it was probably like $5 in total fees for my $20 transaction.